Standardizing Asia
Asia can be described as being behind Europe and the US when it comes to reference data management. There is a lack of dedicated data management professionals, and reference data is an unfamiliar term even to many in the banking community. This issue was underlined at the 2006 Inside Market Data conference in Singapore, when a delegate asked the reference data panel what reference data actually means.
One of the main barriers in Asia is that it is far from the European vision of "one single
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